Bank for International Settlements (BIS)
Trichet calls for more transparency, especially for credit derivatives
Jean-Claude Trichet, governor of the Bank of France, said transparency is essential to prevent a “herd mentality” in the financial market that can create artificial swings in market prices. During a keynote address at the Professional Risk Managers’…
BIS report highlights asset managers’ role in inefficient markets
The structure of incentive schemes may limit the ability or willingness of institutional asset managers to act as a natural counterbalance to mispricing, according to the Committee on the Global Financial System (CGFS) – a G-10 central bank forum that…
FSF calls for more credit risk transfer disclosure
The Financial Stability Forum (FSF), the body set up by leading central banks to examine potential threats to the financial system, has called for greater disclosure and more aggregate data for credit transfer instruments.
BIS to offer derivatives statistics for individual countries
The Bank for International Settlements (BIS) said today that it is expanding its statistics on banks' country risk exposures to include data on derivatives exposures to individual countries.
BIS to offer derivatives statistics for individual countries
The Bank for International Settlements (BIS) said today that it is expanding its statistics on banks' country risk exposures to include data on derivatives exposures to individual countries.
Regulators focusing on clearing and settlement risks, says Tower
Business continuity issues involved in the clearing and settlement process are becoming a focal point for regulators, according to a new report published by US consultancy, Tower Group.
Bank of Canada’s Knight named new BIS general manager
The Bank for International Settlements has named Malcolm Knight as the successor to Andrew Crockett as general manager of the central bankers’ organisation based in Basel, Switzerland.
BIS: OTC derivatives notionals rise 15% in the first half of 2002
The Bank for International Settlements said total notional volume of over-the-counter contracts outstanding increased 15% to almost $128 trillion in the first half of 2002.
Mexican central bank signs up to OpenLink
Banco de Mexico, the central bank of Mexico, has signed up for OpenLink’s Findur solution to integrate its front-, middle- and back-office functions. OpenLink is a New York-based trading and risk management software company.
Citigroup, Deutsche Bank and UBS Warburg dominate FX derivatives in FX Week awards
Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.
BIS opens representative office in Mexico
The Bank for International Settlements (BIS) has opened a representative office in Mexico City to serve as a centre for its activities in the Americas.
First-half OTC derivatives volumes rise 15%
The value of over-the-counter derivatives notional outstandings grew to $128 trillion by June 30, up 15% from the figure at the end of last year, according to a study by the Bank for International Settlement (BIS). But much of the increase in the…
e-FX may affect liquidity and volatility, BIS says
Market participants fear the rise of electronic trading may adversely affect liquidity and volatility in the forex markets, according to the Bank for International Settlements (BIS).
Regulators call on banks to focus on cross-border e-banking risks
Banks need to integrate cross-border electronic banking risks into their overall risk management framework, the Basel Committee said in a paper released today.
OpenLink introduces Swift messaging capability
OpenLink, a New York-based trading and risk management software company, has released its Open Settlement Solution - an integrated Society for Worldwide Interbank Financial Telecommunication (Swift) messaging capability for its Findur system. Evaluating…
Basel II could reinforce economic cycles more than expected, says BIS study
BASEL – The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.
Korean equity index volumes rocket, says BIS review
Korean and Japanese equity index contract volumes were the highlight of derivatives trading in the first quarter of this year, according to the Bank for International Settlements (BIS), whose quarterly review of banking and financial markets developments…
OTC derivatives volumes up 11%, says BIS
Outstanding notional volumes for the over-the-counter derivatives market stood at $111 trillion at end-December 2001 – an 11% increase from the end of June 2001, according to the latest statistics released by the Bank for International Settlements (BIS).
Korea drives Asian option growth
Turnover in equity index contracts rose by 40% at Asian exchanges in the fourth quarter of last year, according to the latest quarterly report from the Bank for International Settlements (BIS). The Switzerland-based banking body pointed to the rapid…
BIS reports global slowdown in derivatives markets
Derivatives market expansion slowed significantly for the period 1998-2001 relative to the three years before, reported the Bank for International Settlements (BIS) today.
Exchange-traded derivatives soaring, says BIS
The aggregate turnover of exchange-traded derivatives contracts reached a new record in the fourth quarter of 2001, said the Bank for International Settlements (BIS) in its latest quarterly review.
Regulator hits back at Basel II critics
Much of the complexity for which the Basel II bank capital accord is criticised is the inevitable result of three highly desirable features of the pact - namely, risk sensitivity, wide applicability and the shifting of the task of risk measurement to…
Dealing with the flak
With the final Basel Accord proposals due to be published later this year, the Bank of International Settlements’ new Asian head, Shinichi Yoshikuni, does not have much time to settle into his new role, writes Nick Sawyer.
Credit derivatives see six-fold increase in three years
The over-the-counter (OTC) credit derivatives market stood at $694 billion in June, a six-fold increase in the last three years, according to the latest global triennial survey released by the Bank for International Settlements (BIS) today.